Compliance isn’t just paperwork it’s peace of mind
Hi there,
When I started my practice, I was laser-focused on helping people, but I quickly learned that good care isn’t enough if your business isn’t legally protected.
The reality? Most new NP business owners unknowingly make legal or regulatory missteps that can delay opening, drain their finances, or even risk their license.
Let’s fix that.
Here are 3 common pitfalls and exactly what to do instead:
❌ Mistake #1: Not Choosing the Right Business Structure
Why it matters: Your legal structure affects your liability, taxes, and even how you’re paid.
What to do instead:
Before filing, consult with a CPA or attorney who understands NP practices. For many, an LLC taxed as an S-Corp offers flexibility and tax savings, but this depends on your income, state laws, and long-term plans.
📝 Action Step: Schedule a 30-minute consult with a small business CPA and ask: “What’s the best structure for a nurse practitioner opening a practice in [your state]?”
❌ Mistake #2: Overlooking State-Specific Scope of Practice Laws
Why it matters: Every state has different rules for collaboration, supervision, and billing.
What to do instead:
Visit your state’s Board of Nursing website and thoroughly review practice regulations. If you need a collaborative physician, make sure you have a signed agreement before seeing patients.
đź“ť Action Step: Keep a digital folder of your license, NPI, collaborative agreement (if required), and malpractice coverage.
❌ Mistake #3: Operating Without Proper Insurance
Why it matters: A single lawsuit can destroy your finances and reputation.
What to do instead:
Get malpractice insurance specific to your services, and don’t forget general liability and cyber liability coverage if you’re doing telehealth.
📝 Action Step: Shop 2–3 policies and ask if they include tail coverage and telemedicine protection.
Quick Tip:
Compliance shouldn’t feel overwhelming. Make a checklist, get help where needed, and treat this part like building your foundation — because that’s exactly what it is.
I can’t wait to see what you do next,
Erica Hand
Empowering NPs to achieve freedom, flexibility, and financial success.
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